March 12, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today praised Rep. Cathy McMorris Rodgers’ call urging the U.S. to vote against providing more assistance to Greece when the International Monetary Fund (IMF) meets on March 15:
“In February, Treasury Secretary Timothy Geithner said Europe ‘has more work to do’ and that until they do it, ‘it’s unlikely you’re going to see the major shareholders of the IMF be prepared to have the IMF play a larger response’ in Greece. Now less than a month later,the IMF is meeting Thursday to approve another $37 billion for bailing out Greece and her creditors.
“It is time for the Obama Administration to stop putting our money where its mouth is, and start speaking straight. The U.S. should demand an open vote at the IMF Executive Board, and vote no for further taxpayer money to be sunk into Greece. That is, if it truly is opposed to additional resources being used to shore up European banks that bet poorly on sovereign debt. Billions have already been wasted by the IMF on Europe.
“Rep. Cathy McMorris Rodgers is to be praised for taking a critical stand on this issue. She has offered legislation that if enacted will rescind the additional $108 billion the Pelosi-Reid Congress gave the IMF in 2009 — before it is wasted propping up socialist governments in Europe that refuse to cut spending. Now is the time for Congress to act.”
“Rescinding $108 billion from IMF necessary, tough love,” ALG President Bill Wilson, March 12, 2012 athttp://netrightdaily.com/2012/03/rescinding-108-billion-from-imf-necessary-tough-love/.
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